Small Towns, Big Losses

To folks in Portage, a rural Ohio county east of Akron, Maurice H. "Mo" Kline is a pillar of the community. In his 32 years as county treasurer, Mo has come to know the area and its people pretty well. So, when the septuagenarian retired last August, he was feted with three celebrations--a perfect finale to a long and successful career. A highlight was a surprise dinner hosted by his friend and investment adviser, James W. Winter, a senior vice-president at Government Securities Corp. of Texas. Problem is, Mo wasn't in much of a mood to celebrate.

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